by Greg Cooper | Jan 21, 2023 | Uncategorized
We haven’t hit bottom yet and there’s still more to come. But there are signs the fall won’t be as long or far as predicted. We’ve seen the predictions of drastic falls. Almost all economists are clustered around 20% from top to bottom this cycle. Some even 30- 40%....
by Greg Cooper | Sep 17, 2022 | Uncategorized
Residential rents are currently rising and will continue to do so. Affordability is plummeting and government policy is actively making it worse. Affordable housing has become something of a hot topic for governments and there have been some laudable actions taken by...
by Greg Cooper | Sep 10, 2022 | Uncategorized
With the death of the Queen yesterday, it is worth pausing to pay respect to this example of selflessness. In this new world of ME, she will be missed for the example and sacrifice she lived. It is likely that many won’t truly appreciate the stability and cohesiveness...
by Greg Cooper | Aug 23, 2022 | Uncategorized
The summary version? Both are going down. No real surprise there. But the recent REIV* figures are a bit of a surprise. The monthly price index (you’d need to be a statistician to understand the formula) is showing a rapid drop. The latest report released today...
by Greg Cooper | Jul 25, 2022 | Uncategorized
As noted in a recent blog post, auction clearance rates in Melbourne have slid quickly. For some strange reason, the REIV persists with reporting that it is still sitting in 65%+ (67.7% for June). This is closer to 50% when ALL results are included, rather than...
by Greg Cooper | Jul 2, 2022 | Uncategorized
First-up, no, the clearance rates in Melbourne are not currently hovering around 70%, as the REIV misleadingly reports. It is currently below 60% and has been now since May, as more accurately reported by Corelogic*. The distortion is caused by the REIV conveniently...
